Ford’s electric F-150 just got cheaper


Ford has whacked the price of the F-150 Lightning electric truck. While the decision may be a response to Tesla price cuts, Ford says it’s because of upgrades made to the Michigan plant that builds the truck. Improving costs for raw battery materials and Ford’s continued work on scaling production and cost are also factors. “Customers will now have greater availability of their built-to-order truck as early as October at an MSRP closer to initial Lightning pricing,” the company says.

The Rouge Electric Vehicle Center in Dearborn, Michigan, is expected to triple its annual run rate to 150,000 F-150 Lightning trucks beginning this fall.

The cuts bring the price of the Lightning closer to where it was when the truck was first announced in May of 2021, when the base model was (briefly) offered for $39,974.

“Shortly after launching the F-150 Lightning, rapidly rising material costs, supply constraints, and other factors drove up the cost of the EV truck for Ford and our customers,” said Marin Gjaja, chief customer officer of Ford Model e, the arm of the company responsible for electric vehicles. “We’ve continued to work in the background to improve accessibility and affordability to help to lower prices for our customers and shorten the wait times for their new F-150 Lightning.”

Rouge Electric Vehicle Center ford f-150 lightning building manufacturing plant price cut cost

The base model Pro gets the single biggest cut, from $59,974 to $49,995, a reduction of $9979, almost 17 percent. (That price does not include $1995 in shipping costs.)

The smallest cut is for the top-of-the-line Platinum Extended Range model, which goes from $98,074 to $91,995, a reduction of $6079. The XLT Extended Range, one of the most popular models, goes from $78,874 to $69,995, a cut of $8879. In addition, Ford is offering a $1000 bonus for retail customers who build their own XLT, Lariat, or Platinum truck through their dealer or via from July 6 to July 31.

Rouge Electric Vehicle Center ford f-150 lightning building manufacturing plant

The company is also offering eligible buyers interest rates as low as 1.9 percent APR for 36 months. Most F-150 Lightning models are also eligible for as much as $7500 in potential Inflation Reduction Act consumer and commercial electric vehicle tax credits

As an added enticement, early next year all F-150 Lightning customers will have access to more than 12,000 Tesla Superchargers across the U.S. and Canada.





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    Maybe the 17% price cut comes after multiple outlets had a chance to test the e-truck and reported that its towing range is less than 100 miles? Might kinda sorta be an important for a $60K truck… that can’t do basic truck stuff???

    Other than it looks like a truck it is worthless for use as a truck. Ford can reduce the price to zero and i still would not want one no matter who the maker is. Total waste of money. If you truly need a truck then buy a real truck that can do everything you need a truck to do and that includes towing.

    I have to agree. Only good for those who use a truck as a car, maybe haul the trash off or bring a piece of furniture home.

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